January 28, 2022

20VC: The Robinhood Memo: The Early Metrics That Showed Robinhood was a Breakout Company, The Cost Structure of Robinhood in the Early Days and Why it is a More Efficient Business than eTrade & How Vlad Has Developed as a Leader Over Time with Rick Yang a

Listen Later

31 minutes

Scott Sandell is the Managing General Partner of NEA, one of the leading firms of the last 3 decades with now close to $24Bn under management and a portfolio including Salesforce, Robinhood, Plaid, Databricks and more. As for Scott, since joining the firm in 1996 he has led investments in Salesforce.com, Tableau Software, WebEx and Workday and serves on the board of Robinhood, Cloudflare, Coursera and Divvy to name a few.

Rick Yang is a General Partner and Head of Consumer Investing @ NEA, since joining in 2007 he has led investments in the likes of Masterclass, Plaid, Robinhood and many more.

In Today’s Episode with Scott Sandell and Rick Yang You Will Learn:

1.) How Rick came to meet Vlad, Robinhood Founder, for the first time? What impressed Rick most in that first meeting? How did the internal discussions proceed at NEA? Was it a unanimous decision to make the investment?

2.) The Market:

How did Rick and Scott evaluate the market at the time? Bottoms up, top down?
How did the market change and evolve both in ways they did and did not expect?
How do Rick and Scott evaluate market timing risk today when investing?
How did Rick and Scott approach outcome scenario planning with Robinhood?

3.) The Traction:

What core signals and datapoints made Rick realise Robinhood had product-market-fit?
How did Rick and NEA analyse Robinhood's early organic customer acquisition? How did the board advise on how to spend their first marketing dollars?
How does the cost structure of the business compare to Charles Swaab and eTrade? Why is Robinhood such a superior model?

4.) The Team:

How has Vlad evolved and developed as a leader over time?
How did Vlad handle the 36 hours in Feb 2021 when he had to go and raise $3BN+?
Who is the unsung hero of the Robinhood team? What have they done to deserve this?

...more

View all episodes

View all episodes

Download on the App Store

Download on the App Store

Get it on Google Play

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

By Harry Stebbings

4.4

483483 ratings

January 28, 2022

20VC: The Robinhood Memo: The Early Metrics That Showed Robinhood was a Breakout Company, The Cost Structure of Robinhood in the Early Days and Why it is a More Efficient Business than eTrade & How Vlad Has Developed as a Leader Over Time with Rick Yang a

Listen Later

31 minutes

Scott Sandell is the Managing General Partner of NEA, one of the leading firms of the last 3 decades with now close to $24Bn under management and a portfolio including Salesforce, Robinhood, Plaid, Databricks and more. As for Scott, since joining the firm in 1996 he has led investments in Salesforce.com, Tableau Software, WebEx and Workday and serves on the board of Robinhood, Cloudflare, Coursera and Divvy to name a few.

Rick Yang is a General Partner and Head of Consumer Investing @ NEA, since joining in 2007 he has led investments in the likes of Masterclass, Plaid, Robinhood and many more.

In Today’s Episode with Scott Sandell and Rick Yang You Will Learn:

1.) How Rick came to meet Vlad, Robinhood Founder, for the first time? What impressed Rick most in that first meeting? How did the internal discussions proceed at NEA? Was it a unanimous decision to make the investment?

2.) The Market:

How did Rick and Scott evaluate the market at the time? Bottoms up, top down?
How did the market change and evolve both in ways they did and did not expect?
How do Rick and Scott evaluate market timing risk today when investing?
How did Rick and Scott approach outcome scenario planning with Robinhood?

3.) The Traction:

What core signals and datapoints made Rick realise Robinhood had product-market-fit?
How did Rick and NEA analyse Robinhood's early organic customer acquisition? How did the board advise on how to spend their first marketing dollars?
How does the cost structure of the business compare to Charles Swaab and eTrade? Why is Robinhood such a superior model?

4.) The Team:

How has Vlad evolved and developed as a leader over time?
How did Vlad handle the 36 hours in Feb 2021 when he had to go and raise $3BN+?
Who is the unsung hero of the Robinhood team? What have they done to deserve this?

...more

More shows like The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch

This Week in Startups by Jason Calacanis

This Week in Startups

1,273 Listeners

a16z Podcast by Andreessen Horowitz

a16z Podcast

1,061 Listeners

The Official SaaStr Podcast: SaaS | Founders | Investors by SaaStr

The Official SaaStr Podcast: SaaS | Founders | Investors

174 Listeners

Invest Like the Best with Patrick O'Shaughnessy by Colossus | Investing & Business Podcasts

Invest Like the Best with Patrick O'Shaughnessy

2,281 Listeners

Equity by TechCrunch, Rebecca Bellan, Kirsten Korosec, Anthony Ha, Max Zeff, Theresa Loconsolo

Equity

337 Listeners

Y Combinator Startup Podcast by Y Combinator

Y Combinator Startup Podcast

225 Listeners

All-In with Chamath, Jason, Sacks & Friedberg by All-In Podcast, LLC

All-In with Chamath, Jason, Sacks & Friedberg

9,244 Listeners

Lenny's Podcast: Product | Career | Growth by Lenny Rachitsky

Lenny's Podcast: Product | Career | Growth

1,366 Listeners

No Priors: Artificial Intelligence | Technology | Startups by Conviction

No Priors: Artificial Intelligence | Technology | Startups

125 Listeners

The Ben & Marc Show by Marc Andreessen, Ben Horowitz

The Ben & Marc Show

123 Listeners

BG2Pod with Brad Gerstner and Bill Gurley by BG2Pod

BG2Pod with Brad Gerstner and Bill Gurley

465 Listeners

AI + a16z by a16z

AI + a16z

32 Listeners

Lightcone Podcast by Y Combinator

Lightcone Podcast

19 Listeners

Training Data by Sequoia Capital

Training Data

44 Listeners

Uncapped with Jack Altman by Alt Capital

Uncapped with Jack Altman

33 Listeners